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in 10 mins let the fire sell begin, i'm ready!
Agreed...but in my case...I started double drinking after pr released ... Until I thought longer and harder about it and how all the puzzle pieces were not shown yet!
I personally agree with a few on here ... that we have not heard the last on IHAI & Carmil, as the pr released today was so vague and could still mean anything. So to all the scared fire sells that start tomorrow... "Let 'em new shares burn down to the .001s IMHO
Nice board...hope to see some good posts in here!
That is exactly the point Sting....they have nothing...they are a completely empty shell with absolutely no revenue...perfect candidate now for a R/M IMHO
Me too! i got order just submitted to pick up 1/4 of my position worth at '001, so to everyone reading...keep dumping...I'll pick up your shares in a heart beat!
I just spoke with my eTrade broker and he informed me that buying/selling has now commenced on IHAI and our shares should be released today/tonight for tomorrow's trading day. i personally have no plans to sell any shares and will probably accumulate more. i think there is more to this PR than what meets the eye, JMHO!
but like everyone else, i am just as much unsure of what is going on as everyone else
just pointed out some positive possibilities...
IMHO you just hit the nail square on the head...
Net result: Carmil is now free of Innovative Health Sciences and IHSN10. More importantly, Innovative Holdings Alliance can now acquire and/or make agreements with Carmil Energy, or any other company. IMO, this may all be some corporate house cleaning to ensure new business can proceed with a clean slate
What Does Reverse Triangular Merger Mean?
When the subsidiary of the acquiring corporation merges with the target firm. In this case, the subsidiary's equity merges with the target firm's stock. As a result of the merger, the target would become a wholly-owned subsidiary of the acquirer and shareholders of the target would get shares of the acquirer.
Innovative Health Sciences, Inc. Reorganizes
May 31, 2011 1:05 PM ET
ATLANTA, May 31, 2011 /PRNewswire/ -- Innovative Health Sciences, Inc. has reorganized, merging into IHSN10, Inc., and announces today clarifications to its April 20, 2011, press release. Innovative participated in a Delaware reorganization under Section 251 (g) of the DGCL and the surviving company is IHSN10, Inc. As part of the reorganization, a new holding company was formed: Innovative Holdings Alliance, Inc. The Company, IHSN10, Inc., was notified that its Agreement with Carmil Energy was cancelled due to financing and due diligence issues. The Company, post merger, was divested from being a subsidiary of the holding company.
Multi-Party Merger & Triangular Merger
http://www.securitieslawinstitute.com/m&a.html
Multi-Party Merger
In a multi-party merger or three-party merger, two corporations merge into a previously existing third corporation. The two corporations are the disappearing corporations and the third corporation is the surviving corporation. The same considerations regarding appraisal rights, stockholder votes, etc., which apply to two-party mergers, apply to three-party mergers. The multi-party corporation can be used to acquire two or more separate corporations.
Triangular Merger
In a triangular merger, the acquiring corporation could acquire control of the target corporation without being a constituent corporation. The acquiring corporation forms a new subsidiary into which the target corporation is merged. The stockholders of the acquiring corporation do not have the right to vote on the merger since they are not a constituent corporation. The stockholders of the target corporation will have the same rights as in a two-party merger.
Reverse Triangular Merger
In a reverse triangular merger, the merger proceeds in the same manner as a triangular merger except the subsidiary is merged into the target corporation. The outstanding shares of stock of the subsidiary, all of which are owned by the acquiring corporation, are converted into shares of stock of the target corporation. The shares of stock of the target corporation are converted into securities of the acquiring corporation. The advantage of this merger is that the target corporation will become a wholly-owned subsidiary of the acquiring corporation without any change in its corporate existence.
Thanks Carm for those kind words. And yes, I've been here and in this for a while. And yes, I agree with what Rich stated previously. The pr was talking mainly about IHSN10, Inc. And I don't know about the rest of ya'll, but I knew nothing about IHSN10, INc. This is the first time (i think) that I've heard about this company. And maybe for processes sake...the pr had to be worded this way so Carmil Energy may still have plans with IHAI. IMHO, you will notice 2 things: 1) there was only 1 line in that short pr that even mentioned IHAI (the company that we all have shares with now) and 2) the "Agreement" that was mentioned in the pr on April 20th was for Innovative Health Sciences, Inc, not for IHSN10, Inc...even though IHSN merged into IHSN10, Inc. With that being said, Imho again, I think that Carmil could still merge into IHAI or soon become a subsiderary of IHAI. JMHO.
But we will know nothing else until we hear more explaining things one way or another.
patiently waiting,
Tank
my thing is this...
which company had the DD issues and financing issues, IHAI (with CW) or Carmil Energy (with MM)
I'm not sure yet, I am inclined to agree with Rich's last post...yes the PR is unclear...
The pr stated "The Company, IHSN10, Inc., was notified that its Agreement with Carmil Energy was cancelled due to financing and due diligence issues. The Company (IHSN10), post merger, was divested from being a subsidiary of the holding company."...this could mean anything. The way I see it, the company (IHSN10) is no longer a sub to IHAI , but not sure how to take this.
I'm still holding...but now also holding a very stiff Jack and coke to calm the nerves.
Tank
on the carmil energy website, CW was never listed at their Coo, only on the IHSN website was the carmil energy guys listed as the leadership.
It's amusing how investors tend to flip sides of the fence (for and against how something is turning out)...
i dont wanna be in thisunless carmil is the sole and complete takeover, i cant stand chris winters and his stupid company, imo of course, it sucks really bad and he had the nerve to call me crazy lol
the guy talks big and doesnt deliver...and yes the pps is in the toilet bigtime
i think it will shoot too the moon maybe like ten cents
Do you seriously believe that $1/sh is not feasible? R/M's can be (and have been know to be) VERY Lucrative...hence why some traders only search for R/M or divy plays...and that is all the trades they make. (I know a few that do only those types of plays).
Rich said it best...it could move to .05 or it could move +$1. And long term...as MTT put it, even $100/sh could be possible in due time....Anything is very possible.
a stock thats not even a penny going to a hundred someting dollars a share lol funny too funny
dude i want five cents when the reverse merger pr comes out
if they pr a reverse merger, i suspect a run too over 20 cents imo, rm's do that, and since carmil has contracts already and working on more, and they have the "fountain of youth" of energy designs, then why not, why not a huge run like that
If only the r/m news and nothing else with it between .50 to $1.00 within about 5 trading days or less.
lol a dollar, thats funny
wow someone predicted 50 cent toa dollar in five days once r/m pr comes out, im gonna disagreee and say 5 to 10 cents
by me:I'll not wager tomorrow, but I am willing to wager sometime in the next 2 wks we should get a very nice PR.
lol i doubt it
anthony im my most humble opinion, tuesday will be the day everyone has been waiting for, and i believe stock price will resemble those high asks taht we saw earlier today, like up in the ten cent areas, thats what im hoping for
I think/feel/deduct that the 1b share retirement will be completed along with the information IRT the R/M. In the steps of a R/M, the share restructuring has to be completed and agreed upon between the two companies. So IMHO, I think we will see that 1b shares be retired once the R/M is announced. The paperwork for those share retirement as well as the final paperwork needed to complete the R/M will probably all get submitted together...AIMHO.
Have to remember...this is a board of opinions (on subject) and facts. That is the simple truth in things. I'm sure there were many ppl that would have dumped some shares on the bid today if they had shares. The one thing I ask members reading this is simple...Sell your shares on the ASK on the ride up if you are interested in getting out of this stock. Bailing on the bid will only hurt others...and in most ways...today I was VERY pleased that most ppl didn't have shares to trade. Because if they did, the price would probably be back around .007-.008 instead of .03 x .04. Now on this basis, with retirement of the 1b shares, (i suspect a PR released on Tuesday stating updates)....the SP could begin to rise up to much higher levels from here.
Enjoy the extended holiday wkend! Go out with friends, have a drink, go fishing, play with the kids/family/dog or something to that nature...it will all be very well worth it in due time. As I have always said and will continue to say...Patience is a virtue!!!
GLTA and GO IHAI & Carmil Energy!!!
V/r
Tank
I have 2 transactions for IHAI completed for buys today ....
Scratch that, I did buy IHAI 2 times after open bell until around 0950 when eTrade started rejecting my orders. But for the record, I DID BUY SHARES OF IHAI 2 TIMES prior to etrade starting to cancel my orders.
I DO LOVE IT...and if you look back, I was one of the first ones that posted about IHAI on Momo's board and Momentum board this morning early as soon as IHAI has their first trade at .0097 and then a few at .011. I had a feeling all the pieces would start to line up and fall into place!
Go IHAI & Carmil Energy!!!
I don't know about anyone else, but I have eTrade. And I was able to make 2 trades (buys) today...they were buys on the ask all before 1000hrs. And then all the sudden, eTrade was rejecting my orders. But I didn't get too worried... Now it seems as though everyone seems to be slinging rumors of a R/S???? C.W. stated there will be no R/S. eTrade has confirmed that it's a 1 for 1 share exchange, but they want more information about this new company name before allowing any further trading...
some one callled ETrade again and they said it is a Corporate action stock split and we will be notified of of the ratio soon and our accounts adjusted accordingly
Fri May 27 00:06:30 2011 Corporate Actions Notice
Account: XXXX-XXX Your position in IHSN has been adjusted due to a symbol change. Our records show that after this symbol change: The new symbol for your position will be IHAI.
I mean seriously? This late in the game????
Would someone please tell us how many shares they are retiring?
That is Awesome News for IHAI, Thanks Tomellery for that!!! Tuesday will be a nice "last day of the month" IMHO...
i have superb news, i just called transfer agent and they are retiring the shares tuesday, yay, transfer agent confirmed no reverse split or forward split, i like what i see now, go ihai
How will there be more shares once everything is converted ... versus the share count there was before the ticker/name chance? Riddle me that...
with IHAI up to .05 now, I'm happy with my getting in at .0012 back in September back when it was IHSN ;)
IHAI will be HUGE once R/M happens!!! so no problem, get in while the getting is good IMHO
IHAI is primed for the suspected R/M between them and Carmil Energy check it out: http://investorshub.advfn.com/boards/board.aspx?board_id=7938
IHAI up 723% on little volume and once PR released of R/M...we'll see .25+ IMHO
IHAI moving right along after ticker change...low volume but once PR is released, these prices you see now will be solid prices!!!
IHAI moving right along after ticker change...low volume but once PR is released, these prices you see now will be solid prices!!!
IHSN changed ticker to IHAI...Innovative Health Sciences, Inc. is now Innovative Holdings Alliance, Inc. IMHO, this was done to create a clean shell with no revenue to speak of...for the suspected R/M process to take place fairly fluidly!
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=05/26/2011
No, I'm not home yet, I'm still in Dubai. My flight is the 29th. So I get to stay here for another trading day...here in this hotel...patiently waiting like the rest of ya'll. I just woke up, logged into my iHub and saw 2 pages worth of posts and automatically thought that I missed the evening news. But after further reading I was able to see that due to some great DD by the "Long" members of this board, they were successful with uncovering even more great developments not yet PR'd by the companies yet. I'm really looking forward to seeing how today (Friday) will go with trading...that is "IF" IHAI will be traded today. I'll see if I can pick up another 1/2 mil or so at opening bell on IHAI.
I am more inclined to think that IHAI is simply just another shell specifically speaking the sense that IHAI will have no possible revenue...therefor being a clean shell for Carmil to R/M with! Things are finally starting to move and IMHO, we'll see a PR either Friday or Tuesday!
GLTA Go IHAI & Carmil Energy!!!
V/r
Tank
I'm willing to bet that IHSN has "Some Revenue" (even if it was very mynute)...and very possibly look at things in this light...with this new company name change for IHSN to IHAI...IHAI will be just a shell. And then IHAI will R/M with Carmil into and change names to the final name under the R/M.
Also noting...that the last trade for IHSN yesterday was at .0085?right?...well, my eTrade account shows IHAI priced at .0095.
Anything is possible at this point, once again, patience is needed to endure through this to find out what the final outcome is.
GLTA Go IHAI & Carmil Energy
V/r
Tank
GLTA in IHSN ~ Carmil Energy
Amen - Go IHSN & Carmil !!!
IHSN nice buying with absolutely no dumping on bid (yet)... maybe PR soon!
I'm surprised no additional dumping on bid today! Maybe the dumping is done for now. We'll see what happens come Monday!
Have a good wkend all
FXIT up 11% on news of $3m in revenue
FXIT $3m in revenue and plenty of vol coming in now!!!